Question
A borrowed Rs. 5500 from B for his business. How much
amount A will return to B at the end of 21 months such that the sum was borrowed at simple interest of 24% p.a.?Solution
Amount to be returned by A = {(5500 × 0.24 × 21)/12} + 5500 = 2310 + 5500 = Rs. 7810
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